1998-033-RES WHEREAS, CITY COUNCIL DID HERETOFORE ON THE 9TH DAY

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ADDENDUM NUMBER TWO TO LEASE AGREEMENT DATED AUGUST 9~ 1982, ASSIGNED TO CARTER AIRCRAFT SERVICE, INC. STATE OF TEXAS ) ) COUNTY OF LAMAR ) KNOW ALL MEN BY THESE PRESENTS: That this Addendum Number Two to Lease Agreement dated August 9, 1982, assigned to Carter Aircraft Service, Inc., is made this 9th day of March, 1998, by and between the CITY OF PARIS, PARIS, TEXAS, acting by and through its City Manager, Michael E. Malone, duly authorized, hereinafter called LESSOR, and CARTER AIRCRAFT SERVICE, INC., acting by and through its President, Delton Wayne Carter, duly authorized, hereinafter called LESSEE. WITNESSETH It is hereby mutually agreed by LESSOR and LESSEE that the above described Lease Agreement be amended as follows: 1. By adding two un-numbered paragraphs which will be the fourth and fifth un-numbered paragraphs, to read as follows: "It is further agreed to by LESSOR and LESSEE that LESSEE shall have the option to renew such Lease for an additional period of FIVE (5) years, the rental for the renewal to be in the sum of EIGHTEEN THOUSAND AND NO/lOO DOLLARS ($18,000.00), payable to the CITY OF PARIS, a municipal corporation, as follows: $300.00 on or before the I st day of August, 2017 , with a like payment on or before the 1 st day of each month thereafter during the remainder of the term of the first option, which ends August 1, 2022. The granting of said first option is subject to the requirements set forth in paragraph 16 a. "It is further agreed to by LESSOR and LESSEE that LESSEE shall have a second option to renew such Lease for a period of FIVE (5) years, the rental for the second renewal to be based on either $.06 per square foot or the fair market value at the time of the exercising of such second ootion, whichever is QIeater.